Legal Question in Credit and Debt Law in Massachusetts

I entered into an agreement with a credit card company to make monthly payments on a debt and the judgment was granted. I have been making monthly payments since March of 2005. The amount was $4734.00 which was balance owed plus interest and fees when I called in July 2014 to inquire on my balance thinking I was near the end of payments I was told my balance was now $6103.84. I was then told that my monthly payments didn't cover the monthly interest added to the debt. I was never informed that the debt was accumulating interest monthly. I've been paying $40. a month for 9 years paying a total of $4520. and instead of having a balance of $214. I now have a balance of over $6000. Please help me I don't know what I can do now...

Asked on 9/10/14, 7:54 pm

1 Answer from Attorneys

John Skinner, III Associated Attorneys of New England

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Please contact my office for additional information on this problem.

We'd need to know who it is your dealing with and review what you have in writing, as well as a timeline of events. We can conduct a no cost no obligation review and if we find unfair or deceptive debt collection practices, we could represent you at no cost to you and fight to obtain up to $1,000 in damages for you under the FDCPA.

Office#603.622.8100

[email protected]

Answered on 9/11/14, 7:05 am

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